1 min read
Pursue wealth, not status.
Wealth comes with assets. Status comes with liabilities.
Wealth is something you only need to obtain once. Status is a constantly moving target.
Wealth gives you freedom over your time. Status demands your time.
Wealth gives you the ability to stop moving and notice the world around you. Status requires you to keep moving, to keep up with the ever-changing trends.
Wealth has a natural tendency to grow over time. Status has a natural tendency to erode over time.
Wealth gives you the freedom to pursue your true interests. Status gives you no freedom, merely fleeting attention.
Wealth means nobody can tell you how to spend your time. Status means you must spend time working to earn an income to pay for your liabilities.
Wealth is real. Status is largely something you imagine in your mind.
Wealth leads to financial peace. Status leads to constant anxiety.
Wealth allows you to give back. Status encourages you to accumulate things you don’t need.
Wealth remains accessible to you no matter where you go. Status disappears when you’re in a place where nobody knows you.
Wealth gives you the option to pursue work that provides an income. Status forces you to pursue work that provides an income.
Wealth helps you leave a legacy to your children. Status helps you leave a garage full of outdated material things to your childen.
Wealth gives you the free time to make memories with your family. Status gives you the honor of working late nights at the office.
Wealth comes with autonomy. Status comes with restraints.
Pursue wealth, not status.
Zach is the author behind Four Pillar Freedom, a blog that teaches you how to build wealth and gain freedom in life.
Zach's favorite free financial tool he's been using since 2015 to manage his net worth is Personal Capital. Each month he uses their free Investment Checkup tool and Retirement Planner to track his investments and ensure that he's on the fast track to financial freedom.
Although the bulk of his net worth is invested in index funds, his favorite place to invest in individual stocks is M1 Finance, a site that allows you to build a custom portfolio of stocks for free.
His favorite way to save money each month on his recurring bills is by using Trim, a free financial app that negotiates lower cable, internet, and phone bills with any provider on your behalf.
His favorite micro-investing app is Acorns, a free financial app that takes just 5 minutes to set up and allows you to invest your spare change in a diversified portfolio.
His favorite place to find new personal finance articles to read is Collecting Wisdom, a site that collects the best personal finance articles floating around the web on a daily basis.
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.